503 E Gemini Ln, Killeen, TX 76542
4 beds · 2 baths · sqft sqft
MOTIVATED SELLERS!! Welcome to this beautifully designed 4-bedroom, 2-bathroom home offering a spacious split floor plan with an open-concept kitchen and living room. Located in a well-established, family-friendly neighborhood, this home combines modern living with classic charm. With plenty of space for entertaining and relaxing, it’s the perfect place to call home! Key Features: 4 Bedrooms: Spacious and well-lit bedrooms with large closets, providing comfort and privacy for the whole family. 2 Full Bathrooms: A master suite with a private bath, and a second full bathroom that serves the remaining bedrooms. Split Floor Plan: The master suite is thoughtfully separated from the other bedrooms for added privacy. Open Kitchen to Living Room: The heart of the home features a large kitchen with modern appliances, a center island, and a breakfast bar, all flowing seamlessly into the expansive living room. Ideal for entertaining or family gatherings. Kitchen: Equipped with appliances, granite countertops, and ample cabinetry, this kitchen is a chef's dream. Spacious Living Room: The open-concept design offers an airy living space with large windows and a cozy atmosphere, perfect for relaxing or hosting guests.Two-Car Garage: An attached garage with additional storage space and convenient access to the home.Established Neighborhood: Enjoy the tranquility of tree-lined streets in a mature community, close to parks, schools, shopping, and major roadways.
Source: CENTRALTEXAS #561825
Interest rate and monthly payment estimated based on public records.
Source: CENTRALTEXAS #561825
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #561825
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.